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August 22, 2022updated 14 Sep 2022 6:15am

Contract activities in upstream segment in North America down 6% in July 2022

By Carmen

The upstream segment contracts in North America registered a decrease of 6% with 128 contracts in July 2022, when compared with the previous month’s total of 136 contracts, according to GlobalData’s oil and gas contracts database.

A total of 128 contracts were registered in the upstream segment of North America during the month, when compared with the last 12-month moving average of 83 contracts.


In terms of the number of contracts in North America, the upstream segment contributed the most with 128 contracts in July 2022, followed by midstream and carbon capture segments with four and one contract, respectively.


Contract award activity in North America’s upstream segment during July 2022

In July 2022, the US led the activity with 123 contracts and a 96% share of the upstream oil and gas contracts in North America. It saw a decrease of 3% over the previous month’s total of 127 contracts and an increase of 66% when compared with the last 12 month-average of 74 contracts in the US, followed by Canada and Mexico with two contracts 2% share each.

Based on 12-month moving average of the contracts in the upstream segment of North America, the US took the top spot with 81 contracts, followed by Mexico and Canada with four and three contracts, respectively.

Contracts by scope of work in North America’s upstream segment during July 2022

During the month, the majority of upstream segment contracts awarded in the North America were in the operations & maintenance with 117 contracts, followed by design & engineering and procurement with seven and six contracts, respectively.

Methodology

All publicly announced contracts are included in this analysis, which is drawn from GlobalData’s oil and gas contracts database that provides insights into awarded and expired contracts globally.

More in-depth reports and analysis on all reported contracts are available for subscribers to GlobalData’s oil and gas database.

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